30.07.2019 13:40:02
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Cummins Inc. Q2 adjusted earnings Miss Estimates
(RTTNews) - Cummins Inc. (CMI) revealed earnings for its second quarter that rose from the same period last year.
The company's bottom line totaled $675 million, or $4.27 per share. This compares with $545 million, or $3.32 per share, in last year's second quarter.
Excluding items, Cummins Inc. reported adjusted earnings of $675 million or $4.27 per share for the period.
Analysts had expected the company to earn $4.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.5% to $6.22 billion from $6.13 billion last year.
Cummins Inc. earnings at a glance:
-Earnings (Q2): $675 Mln. vs. $541 Mln. last year. -EPS (Q2): $4.27 vs. $3.29 last year. -Analysts Estimate: $4.41 -Revenue (Q2): $6.22 Bln vs. $6.13 Bln last year.
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